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Home My WebLink About1859 b ;~23'786 TNIS INDENTURE. Mad~ the 3~ day of Febru ~.pM~qT T2~ ~~,~eQ~ Ib~bert D. (3ibbons and HarQaret H. Gibbons, 'xffe ' of S~i. ~1CiA Counry Flwida, MreinaftN desig~atcd as the "MORTGAGOR," and FIRST FEOERA~ SAVINGS AND IOAN ASSOCIATION OF fORT PIERCE, a co~porat~on wg~~ized and exi~~irg unds+ ~hs Iaws ot ths U~~~ed Sta~os of Am~~ic~ ~nd Mrinp its princip+l pl+t~ of bus~nei~ in tM City of Fort Pi~rce, St. luue County, florida, hereinaft~r dea~ynared ai tM "2 QRI~OGE ~ WNEREAS tM MORTGAGOR is ju~tly indebted to ths MORTGAGEE in the ~um of S bf • - 9ood ~nd I~wful money o1 the Un~red Sfates advanced by the MORTGAGEE un~o thr l~IORiGAGOR, as ev~der.ced by ~ cer~a~n promisswy note of even date herew~th, of wh~ch the iollowin9 in r.ords and (igures is a true copy, to-wit: s_ 26,000.00 ,,~}-17,9~ 5 Fwt Pierce, Florida, February 3 14 72 Fw value rcceived, 1, we w either of us, p~omix to y, without defalca~~on, to the order of FIRST FEDERAI SAVINcG~S AND IOAN ASSOCIATION OF FORT PIERCE at Fpt Pierce, Florida, the sum of f 26~~•~ w~th inteqre~s~ from date et the rate of 7'7°'o pe+ annum, in mor.thly install- ~~~~en~s as foi:owa: S-~..L on the ~ st! day of July 19__L~_ and a I~ke sum on the cwrespond~ry day of each month tficre- a'rter until the whole be f~liy paid. Each ~nsrallment first shall be applied in payme~t of the interest and rhen on the unpa~d balance of the princ:pal sum. If d ault is made in the ~~,rment of any insratlment when due, and such defauh conrinues 30 days, then at the opt~on of the holder, and without any other notice, all the remai~ing ~~~srai(~nent~ shail be due and payable at once. Privilege is given to prepay this note in whole w in part at s~y t~me without penalty. Neither forebeara~ce, , nor acceptaMe by the ho~de? ~herrof afrer any deiault in any psyments hereon, ~hall be deemed extens~on. A late payment charge oi S ~~'r'~ shall be ~ :~±~ird ~o each ~nsrallmem .emain~ng unpa~d 7 days after its due date, and a Gke sum shafl be added ro each such ins+allment remaining unpa~d 7 days after eech s~cceeding psyment date. Each maker, surety and endorser hereof, jointly and severally, waives demand, presentment protest and notice of protest fw nonpayment, and further ~ ,3rees to any extensio~ of time of paymen?, either before or after matur~ty. w~thout nohce ~o any of us; and to pay all costs of collection, includ;ng a +senable attorneys fee in the event of any default hercunder, and hereby severally waives atl benefit of homestead and exemption under the constitulion ~ ,:,d laws of each S?ate of the United States, as against this obl~gation w any extension or renewal hereof. ~ W~tness the hand and seal ot each party. _ s/ Robert D. Qibbons ~A~~ ` (SEAL) s/ Margaret N. Gibbons ~nu $39•0~ csewu _ ) State Revenue , NOW, THEREFORE, the MORTGAGOR for the purpose of securing payment of sa~d sum of S 26i~•~` and the performance of the ~ covenants and agreements hereinafter e+p~essed, and for d~vers good ar.d valu~ble coniiderations, by these presents, does grant, bargain, sell, remiu, reiease, convey and coni~rm unto the MORTGAGEE, its successors and auigns, alI that certsin lot, piece or parcel of Iand, sitwte, lying, and being in the County of $t. ~1Ci@ +nd State of Flwida, dew~bcd a~ follows: I,ot 25, Block 25~, ST. LUCI~, SEC'~ION 6, as per plat thereof ; on file in Plat Book 12, Page 36r~ of the Pub2ic Records of St. t ~ Lucie County, Florida, ~ ~ ~ ~ i ~ E ~ ~ us : ~ S~ 1 1`" ' f' i I' J:~ ~ ~ ~ ' ' - - ~ ~ o ~~s i ~ ~ F~.,11'72 kECE1YE0 IN PAYAIENT OF TAXES ~ . ~ - 3900= ~ c..~ - " _ [~~:f 0~~ CtASS'C' ItiiA"~CIBLE ?E~'~:':AL PRO~ERiY, N ~iCa:i'~"•~-4:..~Ssr,~ ~ ~,,~t~. PURSUANT TO CtiAPTER 71-13~, ACiS OF IS71. ~ 6t;i.Ert ?OIT~,A~, ~!:.rk C:':wf C~stt, SI- ! uCie Co. Fli. x ~ ~ ~ ~ogether with all snd tingul~r ths tenements, hereditaments and appurtances thersuMO belongin~ or in ~nywise +pperfa~n~~g the+~to• a~d d~ renn, issu~s, ~ proceeds and profits accruing and to xcrue from said premises, all of which are irxluded i~ Ihe abov~ and fweyoir?p dewiption and habendum. ~ TO HAVE AND TO HOID the above desuibed and yrsnted premiies uMO the said MORTGAGEE, its succetson and +upns for~ver. Md tM ~+id their ~ MORTGAGOR to~ hefrs, executors, adminislrators s~d •uigns, tiereby covenann with the said MORTGAGEE, itf succ~sson • auipiu, s~ rhat ---~+~J-~-- lawfully seized ot the wid premises in fee simple; that tFw same sre free, ck~r and discMryed from all li~n~ ~nd encvnr brances in I~w w in. equity, and fhat th@y will snd their heirs shall wirnnt aod defend tht titlt to the s+rrw to tiw said MORiGAGEE, ib succe~sors and a~signs, forever against the lawful claims snd demands of all pertons; PROVIDED, AtWAYS tMt if the MORTGAGOR shall pay unto the JNORTGAGEE tAe promiuory note hereinbefor~ described ~nd shall truly, promptly = and fully perfum, d~xharge, eaecute, complete, comply with and abide by each and ~vay the atipulations, pre~ments, cond;tions ~nd covenana of said - promissory note •nd of this Mortg~ge, then this AAwtg~ge and tM Est~te hereby ueated ~hall cease ~nd b~ nu~~ ~~d void• ~5 tT IS UNDERSTOOD that the word "Mort9sgw" whether in tM singuiar w plur~l anywhere in this Mortps9t, ahall b~ sinyvlar if w» only ~nd ~ - shall be plural jointly ~nd severally if more than one, ~~d that Ihe word "their" as uied anywher~ in this Mortpap~ sh~ll be taken to mtan "his;' "Mn," ~ - or "its;' wherever the context w implies a admits. A!so, that wherever there is ~ reference i~ the covenann and agreements herein contain~d to any of the parties hereto, the same shall be construed to mean as well as ths he~rs, leyal r~prtsentatives, svccesswt and au~yns (sither voluntary by act of th~ parties or involunury by operation of the law) of the ame and that the covenants herein contained shall bind and the benefiq +nd advaMayp inur~ = ro the respective heirs, (e9al representativei, successws and au~gns o( the parties hereto. ' r And iaid Mortypors, fw themselves ~nd their hein, leflal represent~tives, succeuori and ~ssigns, hereby jointly and ~everally covenant and ~grse = ro •nd with the s~id MORTGAGEE, iri successors +~d assigro: 1. To pay +I) and sinyular tlx principat ard interest and the variouf and svndry iums of money payabl~ by virtue of s~id promiiwry note, and thii mortgaye, each +nd every, p~omptly on ~h~ days rnpect~vely tl~e tame sev~rally become due. = 2. Tp pay •!I and singular the taaes, assessmenri, levies, lisbilitief, obligstiaa and tncumbrances of evcry natur~ and kind now on s~id describe~ ? property, or thst hereafte? m~y b~ impo~ed, suffaed. pl~ced, levied, or auessed thereon, or that heresfte~ may b~ levied w aiseued opon this Mort9- ags. or tht indcbtedness ~ecured F?ereby, each and every, when d~e ~nd p~yable. ~ccordirg 10 law, before they becane delinqutnt, and b~fwe any i~t~rtst s~; a~raches or +ny penatry is incwrcd; AND INSOfAR AS ANY THEREOF IS Of RKORD THE SAME SHAII 8E PROMPTLY SATISFIED AND DISCHARGED OF 4 RECORD AND THE ORIG1IvAt OFfICIAI OOCUMENT (SUCH AS, FOR INSTANCE, THE TAX RECEIPT OR THE SATISFACTION PAVER OffIGIAtIY ENOORSEO OR CERTIFIED) SMAII BE PlACEO tN THE NANDS OF SAIp MORTGAGEE WItHIN TEN DAYS NEXT AFTER PAYMENT; and i~ tMe evenl thaf any thereof is no~ pa~d, sat sfied a~d discharged sa"d MORTGAGEE may at any time pay the i~me w any part thercof without wsiving or affediry any option, lien, equiry w F ' •~qht vnder or by vir~ue of this mortgsge and the full amount of eath and every such payment shall be immediately due •nd payable and shall besr interest ~•om the date the~eof ~Nil pa~d at rate of n~ne pe~ centum per enn~m a~d toyether ~tFisui~' est shal! by the lien of th's mugta~~. j K f,~ ~ F~,xl~~ - ii , _ _ . - ~ ~